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Jan 29, 2013 5:00pm EST
to advocate for ending euro dependency across the continent? some states are doing well, like germany, but many others have been forced to cut social programs. what is your response? [laughter] >> what we need to do is -- you need to addressed the nation tonight. we need to send a clear message that we will get our fiscal house in order. that we are going to find ways to balance the budget, that we will be inclusive and find ways also to recognize that economic issues are not to be dealt with alone. any comprehensive energy policy, immigration reform. you have one year where we will have enormous momentum to get things done. >> you're listening to him. that is a mouthful. is that what i should say? >> the thing i would agree with -- what is important for us to argue is first stability. it is important for europe to be stable. global growth is a critical element u.s. growth going forward. we have to show strength and make a case for european stability. we have to make people in the united states realize these things are united -- are related. we need the responsible long- term deficit-
Jan 17, 2013 1:00pm EST
, particularly the advanced economies. as far as the euro area is concerned, we feel that a lot has been achieved in terms of policies, in terms of new tools in the tool box that europeans have available to fight crisis. yet fire walls have not yet proven operational. progress needs to be made on banking union and clearly continued, if not further monetary easing will be approved in order to sustain demand. for the united states, we think that all sides should pull together in the national interest, avoid further avoidable policy mistakes that is threatening -- that is continuing to agree on the debt ceiling and reaching agreement on the medium term debt reduction that i mentioned earlier. for the non-events economies, i am putting together the emerging markets as well as the [indiscernible] countries. clearly, those countries are fearing a much better case in terms of growth. but everywhere i have travelled in the last few months, in africa, in latin america, and in asia, there has always been a concern about the lack of decisive action to address the advanced economies crises. so those spillove
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